Cardano (ADA) has had an eventful year in terms of price action and ecosystem development. Network activity is surging, partnerships are rolling out, and the ADA price has pumped relatively well.
The timing for all of this couldn’t be better, as money has been flowing back into the broader crypto market, and a rally looks prime for action. In the case of a wider rally, we could see ADA capture a considerable part of the action, as on-chain metrics point to a strong bull run for the altcoin.
Metrics Point To Cardano (ADA) Ready For A Bull Run
The price of ADA, Cardano’s native cryptocurrency, is up over 51% in the past 30 days alone, as whales and investors started to accumulate around the $0.25 price level. According to on-chain metrics from IntoTheBlock, whales accumulated 1.89 billion ADA last month, translating to about $600 million worth, showing a boosting confidence among large holders.
A similar metric monitoring the inflows into accounts with more than 0.1% of the tot
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